Medi-spa, residences for retirees

Saujana Premiere

MANILA, Philippines — A fulfilling retirement can be enjoyed amid a scenic space where care, friendly services, fun activities and life-enhancing engagements are well integrated. Saujana Premiere Medi-Spa Hotel and Residences is a16-hectare wellness and senior living residential project in Silang, Cavite.

Saujana Premiere of PCK Trade & Development Corp. and Saujana Realty Corp. is a complex where senior residents enjoy their independence in the company of new and old friends.

The Residences meanwhile offers exclusive amenities including club house, lounge, gardens and eco-trails, game room, computer room, crafts room, swimming pool, library, and mini-theater. Communication services, Wi-Fi access, and shuttle service are also available.

With these, an array of on-site recreation activities such as crafts, dancing, church service and meditation are available. The Village Activity Coordinator also liaises with residents to arrange social outings, excursions, shopping trips, retreats, rejuvenation day and beauty parlor day, among others. Optimized health by natural therapies and access to medical support are on hand at all times.

The project incorporates medical-grade aesthetic services, alternative medicine with complementary energy healing modalities, life coaching, mind-body classes, western medicine including diabetology, cardiololgy, rehabilitation and allied medical services.

It is only a 40-minute drive from Makati, in Silang, Cavite on the road to Tagaytay City. It is 45 kilometers south of Makati and the international airports, and is a few kilometers from Asian Hospital, Tagaytay Resorts, Los Baños hot springs. Also nearby are the Alabang Business District and the Laguna, Cavite and Batangas Industrial Triangle.

It is also across the Adventist University and a 10-minute drive from Paseo de Sta. Rosa Commercial Center.

Bordering Laguna and Tagaytay City, the place lends itself as a travel destination in a picturesque village.

 

New York mayor hails outstanding Filipino-Americans

By Cristina DC Pastor
TheFilAm.net

 7share407 391

NEW YORK—‘It was like waiting for the ball to drop on New Year’s Eve.’

Roland Ubaldo

Filipinos in New York and elsewhere celebrated on Facebook the victories of former fashion model Bessie Badilla, U.S. Marshals spokesman Roland Ubaldo and nine others in the first The Outstanding Filipino Americans in NY awards honoring 12 notable Filipinos in the region.

A presentation of awards will be held Oct. 29 at Carnegie Hall. Badilla won in the Arts & Culture category. Ubaldo garnered the highest votes in Public Service.

Pulitzer Award-winning journalist Jose Antonio Vargas, whose controversial coming-out as an undocumented immigrant was both cheered and criticized, won the Courage of Conviction award versus Catherina Cenzon DeCarlo, a Mt. Sinai Hospital nurse who refused to participate in an abortion procedure for religious reasons.

The voting, which started on July 18, ended midnight of October 8, as family and friends scrambled to ‘Like’ the nominees’ photos on the TOFA-NY Facebook page. It was a tight race for votes in some

categories.

The rest of the winners are:

Business & Entrepreneurship

Bessie Badilla

Grace Hufano-Labaguis

Community Service & Advocacy

Philippine Forum

Entertainment

Sounds of Manila

Fashion & Style

Jerry Sibal

Food & Restaurants

Rena Avendula

Health Care

Dr. Lorna Bayes

LGBT & Advocacy

Michelle Manangan

Media & Publishing

Don Tagala

Youth & Sports

Filipino School of New York and New Jersey

Jose Antonio Vargas

“Thank you to the organizers for the honor of being nominated among the finest talented Filipinos in New York,” Badilla said in a statement. “I salute my co-nominees Michael Dadap, Roz Li, Philippine

American Friendship Committee, Philippine Fiesta and The Philippine Independence Day Council, and I challenge them to continue sharing their talents and showcasing the true Filipino spirit through Arts and Culture.”

Comic Air Tabigue, who lost by only one point to Sounds of Manila band in the Entertainment category said, “The dream is over…LOL…but it was an honor just to be nominated for this award.”

Philippine Consul General in New York Mario de Leon and business and community leader Loida Nicolas Lewis will award the winners on October 29 at Carnegie Hall in a simple ceremonies to be hosted by singer Mig Ayesa and TV reporter/journalism professor Ernabel Demillo.

The 12 winners will be jointly honored with Heritage Awardees Lea Salonga, the Filipino American Human Services Inc., the Filipino Reporter newspaper, Filipino American National Heritage Society Metro NY,Filipino American National Heritage Society New Jersey, and the dancing team of youngsters Craig & Samantha.

Lea Salonga

“New York has always been proud to be a city of promise and opportunity for people of every background, including generations of Filipino Americans,” said Mayor Mike Bloomberg in a message to the awardees. “We take this opportunity to honor the men and women who contribute to our city’s amazing energy and spirit.”

Kiran Ahuja, executive director of the White House Initiative on Asian American and Pacific Islanders, said in a separate message: “I applaud TOFA-NY for giving recognition to individuals and organizations that have raised the profile of Filipino Americans in a unique and positive way.”

Banks’ exposure to real estate sector up 15%

By: Michelle V. Remo
Philippine Daily Inquire

 0shareNew 0

The exposure of banks to the real estate sector, particularly in the form of loans extended for property acquisition and investments in securities issued by property firms, rose by 15 percent as of end-June.

Data from the Bangko Sentral ng Pilipinas showed that the total exposure of universal/commercial and thrift banks to the real estate sector amounted to P472.3 billion in June, up from P410 billion in the same period last year.

The latest data were also higher by 6 percent from the P445 billion recorded as of end-March this year.

According to the BSP, the increased exposure of banks to this sector was mainly driven by the rise in demand for loans by individual borrowers for their acquisition of residential properties.

Economists said the rising demand for residential properties was supported by the sustained rise in remittances sent by Filipino migrants.

“The additional exposure for the quarter came primarily from real estate loans. Investments of banks in securities issued by real estate companies contributed a marginal increment,” the BSP said in a report.

Of the total exposure, P460 billion was accounted for by real estate loans. The balance of about P12 billion represents the share of the banks’ investments in securities sold by real estate firms.

But while the amount of exposure of the banks in the real estate sector widened in the second quarter, the share of outstanding real estate loans extended by banks declined as a proportion of the total outstanding loans extended.

This showed that while real estate loans were growing, other types of loans were also rising by an even faster pace. They said lending in general has been rising significantly this year given both the rising demand for loans and the enormous liquidity of the banking sector that allowed it to accelerate lending.

Real estate loans accounted for 14.3 percent of total outstanding loans disbursed by the banks as of the second quarter of this year, slightly lower than the 14.8 percent registered in the same period a year ago.

The BSP said the nonperforming real estate loans, or the loans that have remained unpaid for at least one month after maturity, stood at a very comfortable level of only 1.1 percent of total real estate loans.

The exposure of banks to the real estate sector is closely monitored by the BSP since developments in the real estate sector affect the performance of the banking industry.

It may be recalled that during the Asian financial crisis in the late 1990s, the inability of people to pay their real estate loans led to rising bad debts carried by banking sectors in the region. Moreover, the steep decline in prices of real properties made it impossible for banks to recover their loan losses through the sale of the properties backing these loans.

The BSP said the current exposure of the country’s banks to the real estate sector was still within comfortable level.